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Bloomington, Mich.-based Toro Co. has announced that Steve Wolfe, VP finance and chief financial officer, will retire on July 31 after 27 years with the company.
Wolfe joined Toro in 1986 as part of the acquisition of Wheel Horse Products, where he was VP finance and treasurer. Following the acquisition, he was named president of Toro Credit Co. in 1990, and became VP finance, treasurer and CFO in 1997.
"Steve has been instrumental in improving Toro's financials over the past decade, building a strong finance organization and helping create a culture of financial discipline across the company,? said Michael J. Hoffman, Toro's chairman and CEO. ?His efforts will benefit Toro well into the future."�
Toro has begun to search for Wolfe's successor and expects to name a successor and transition financial leadership prior to Wolfe's retirement.
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